In this episode of 51-49, James breaks down Trump’s new executive order opening 401ks to private equity — exposing how a $3.6 trillion bubble of failing companies could be dumped into your retirement, why even Harvard and Yale are scrambling to get out, and how Wall Street plans to use ordinary Americans as exit liquidity in a disguised bailout.
Tag: Economic bubbles
The derangement of the American mind
America is out of control, and is the main threat to the world’s peace, security and civilizations.
The derangement of the American mind
Calling a recession and blaming it on interest rates
The latest US GDP figures for second quarter of 2022 renewed the debate about whether the US economy was in a recession or not. Real GDP contracted in the second quarter of this year by a 0.9% annualised rate (or by 0.2% quarter over quarter). That meant the US economy had contracted for two successive quarters, and so ‘technically’ (by that definition) was in a recession. Real GDP is now up only 1.6% from Q2 2021. And business investment is slowing, up only 3.5% from this time last year, the slowest rate since the end of the COVID slump in 2020.
Calling a recession and blaming it on interest rates
Ms. Cat’s Chronicles 